TechFlow News, June 12: The Chicago Mercantile Exchange (CME) announced it will offer 7×24 trading for new, smaller-sized crude oil and gold futures contracts, pending regulatory review. The new crude oil contract size will be one-tenth that of CME’s existing Micro WTI Crude Oil Futures contract and is scheduled to launch on August 30. Around-the-clock trading for CME’s existing 1-ounce gold futures contract will begin on July 26.
Derek Sammann, Global Head of Commodities Markets at CME Group, stated: “In the face of geopolitical uncertainty, we provide appropriately sized, regulated products available seven days a week, 24 hours a day—ensuring traders can manage their risk exposure in real time as news unfolds.” (Jinshi)
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